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Hanmi Financial Corp. (HAFC)
NASDAQ:HAFC
Earnings Data
Report Date
Jul 29, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.61Last Year’s EPS
0.48Same Quarter Last Year
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 22, 2025
|% Change Since: 4.27%
|Next Earnings Date:Jul 29, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a balanced view with strong financial performance, notable deposit and loan growth, and successful strategic initiatives. However, there were challenges such as a decline in C&I loan production and a downgrade of a CRE loan. Overall, the positive highlights and successful strategic expansions are offset by certain operational challenges.Company Guidance
During Hanmi Financial Corporation's first quarter 2025 conference call, several key metrics were highlighted that reflect the company's strong financial performance and strategic initiatives. Net income for the quarter was $17.7 million, or $0.58 per diluted share, marking an increase of 17% and 16% respectively compared to the same period in 2024. Hanmi achieved its third consecutive quarter of net interest margin expansion, which rose by 11 basis points to 3.02%, driven by reduced funding costs. Loan growth was recorded at $6.28 billion, a 0.5% increase on a linked quarter basis, while deposits grew by 3%, propelled by new commercial accounts and contributions from new branches. The bank maintained strong credit quality with an allowance for credit losses stable at 1.12% of loans. Noninterest income grew by 5%, primarily due to SBA loan sales, and the efficiency ratio improved to 55.69%, the best performance since the fourth quarter of 2023. The company also noted significant progress in its USKC initiative, with deposits from this segment rising to 15% of total deposits. Hanmi's strategic focus remains on generating low to mid-single-digit loan growth, expanding its C&I portfolio, and maintaining strong asset quality.Strong Net Income Growth
Net income for Q1 2025 was $17.7 million or $0.58 per diluted share, representing an increase of 17% and 16% respectively compared to Q1 2024.
Net Interest Margin Expansion
The company achieved its third consecutive quarter of net interest margin expansion, increasing by 11 basis points to 3.02%.
Deposit and Loan Growth
Total loans grew to $6.28 billion, a 0.5% increase on a linked quarter basis. Deposits also grew by 3% in the first quarter, driven by new commercial accounts and contributions from new branches.
USKC Initiative Success
Deposits from the USKC initiative increased significantly and now represent 15% of total deposits, up from 13% at the end of 2024.
Opening of New Branch in Duluth, Georgia
A new branch was successfully opened in Duluth, Georgia, marking an expansion into a rapidly growing market with a significant Korean community.
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HAFC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HAFC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 22, 2025 | $22.26 | $23.02 | +3.41% |
| Jan 28, 2025 | $22.38 | $23.99 | +7.19% |
| Oct 22, 2024 | $19.46 | $20.85 | +7.14% |
| Jul 23, 2024 | $19.75 | $18.52 | -6.23% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Hanmi Financial Corp. (HAFC) report earnings?
Hanmi Financial Corp. (HAFC) is schdueled to report earning on Jul 29, 2025, TBA Not Confirmed.
What is Hanmi Financial Corp. (HAFC) earnings time?
Hanmi Financial Corp. (HAFC) earnings time is at Jul 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HAFC EPS forecast?
HAFC EPS forecast for the fiscal quarter 2025 (Q2) is 0.61.
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